Apple To Pay Ericsson Patent Royalties On iPhones and iPads

itwbennett writes: In settlement of a long-standing dispute over patents that Ericsson considers essential to the implementation of a number of mobile communications standards, including GSM, the 3G standard UMTS and LTE, Apple has agreed to pay Ericsson royalties on sales of iPhones and iPads. While the companies would not disclose further details of their agreement, Ericsson gave a hint about its value. For the full year 2015, Ericsson predicts its intellectual property rights revenue will amount to between 13 billion and 14 billion Swedish krona ($1.64 billion). In comparison, it reported IPR revenue of 10.6 billion krona for the full year 2014, including a 4.2 billion krona lump sum in settlement of a similar global dispute with Samsung Electronics.